RNS Number : 1214J
  Investec Investment Trust PLC
  28 November 2008
   

    INVESTEC INVESTMENT TRUST PLC - THE COMPANY

    (INCORPORATED IN ENGLAND AND WALES)

    (REGISTRATION NUMBER: 328206)

    INTERIM ANNOUNCEMENT

    UN-AUDITED PROFIT AND LOSS ACCOUNT FOR THE SIX MONTHS ENDED 30 SEPTEMBER 2008


                                                Six months      Six months        Year
                                                     ended           ended       ended
                                              30 September    30 September    31 March
                                                      2008            2007        2008
                                                Un-audited      Un-audited     Audited
                                                  (note 2)        (note 2)    (note 2)
                                                      �000            �000        �000
                                                                            
 Administrative expenses                                -4              -1          -3
                                                                            
 Interest payable                                      -31             -31         -63
                                                                               
 Loss on ordinary activities before taxation           -35             -32         -66
                                                                            
 Tax on loss on ordinary activities                      -               -        -506
                                                                               
 Loss on ordinary activities after taxation            -35             -32        -572
                                                                            
 Retained loss for the financial year                  -35             -32        -572
                                                                            
                                                                            
 Net assets                                         26,884          27,459      26,919


    Notes

    1.    Cash Flow Statement

    The Company is exempt from the requirements to prepare a cash flow statement under Financial Reporting Standard 1, because a
consolidated cash flow statement is included in the publicly available consolidated financial statements of its ultimate holding company,
Investec plc.

    2.    The financial statements have been prepared under the historical cost convention and in accordance with applicable accounting
standards. The company has adopted FRS 21 "Events after the balance sheet date", with the effect that equity dividend receivable or payable
after balance sheet date have not been recognised as an asset or liability. This change has had no impact on the financial statements. The
company also adopted FRS 25 "Financial instruments: Presentation and Disclosure" and FRS 26 "Financial instruments: Measurement".

    3.    Investec Group Investments (UK) Limited, a wholly-owned subsidiary of Investec Bank (UK) Limited, owns all of the ordinary shares
of the company, �266,586 of the nominal 3.5 per cent cumulative preference stock and �96,612 of the nominal 5 per cent preference stock, in
issue. The issued �1,300,000 nominal 3.5 per cent and �345,438 nominal 5 per cent cumulative preference stocks are listed on the London
Stock Exchange.

    4.    Surplus liquidity arising from time to time has been lent by the company during the period on an interest free basis to its
immediate parent company, Investec Group Investments (UK) Limited. The loan is repayable on demand and the company has the right, at any
time and at its sole discretion, to charge interest thereon at a commercial rate.

    5.    The tax charge is based on the effective tax rate for the full year.

    6.    No dividend is proposed in respect of the ordinary shares (2007:�Nil).

    7.    The above financial information is an abridged version of the company's full accounts which have not yet been filed with the
Registrar of Companies. 

    8.    The Report and Financial Statements will be posted to holders of preference stocks of the company and copies are available, upon
request, at the Registered Office of the company.

    Registered Office
    2 Gresham Street London EC2V 7QP
    Date: 28 November 2008




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